London | Reuters — The fires that tore through the province of Quebec between May and July were made at least twice as likely by climate change, scientists said on Tuesday. Climate change, driven by the burning of fossil fuels, also made the fires as much as 50 per cent more intense, according to the […] Read more
Climate change made Quebec wildfires twice as likely, scientists say
Early snow disappearance led to earlier fires
U.S. grains: Soy, corn fall on crop tour’s promising early reports
Egypt wheat tender signals demand
Chicago | Reuters — Chicago soybeans fell on Tuesday as above-average crop scouting during a Midwest tour outweighed hot, dry weather in U.S. growing belts. Corn was also pressured by promising early crop tour results, but found support in a recent spate of export sales. Wheat ended higher as global demand remains strong, though an […] Read more
Subway reportedly nears sale to Arby’s owner
Chain's parent firm considering sale since February
Reuters — Roark Capital, which owns restaurant chains Arby’s and Buffalo Wild Wings, is nearing a deal to buy sandwich chain Subway for about US$9.6 billion, the Wall Street Journal reported Monday. A deal could be finalized this week, the report said, citing people familiar with the matter. “Subway does not intend to make any […] Read more
Klassen: Feedlots aggressively secure ownership
StatCan cattle inventory report due out soon
Compared to last week, yearlings straight off grass sold $3-$5 higher on average. In certain cases, larger groups of higher quality genetics traded $8-$12 above week-ago levels. Auction markets had larger volumes this past week and there was strong demand across all weight categories. It’s that time of year when major operations are stepping forward […] Read more
Saskatchewan front-loads AgriRecovery funding
Joint federal-provincial program development still underway
The Saskatchewan government says it will put up to $70 million toward “immediate measures” to support livestock producers, ahead of an expected federal-provincial AgriRecovery program for that purpose. Application forms are expected to be available via Saskatchewan Crop Insurance Corp. (SCIC) “in the coming days” for funding “to help offset extraordinary costs of feeding livestock […] Read more
Livestock tax deferral list begins in West for 2023
AgriRecovery work 'progressing,' feds say
The level of drought in parts of Western Canada so far this year has given the federal government a head start in drafting its list of jurisdictions where producers can get in on the livestock tax deferral provision. Agriculture Minister Lawrence MacAulay on Monday announced an initial list of designated regions for the provision for […] Read more
U.S. livestock: CME live cattle climb on fewer feedlot placements
Lean hog futures down with cash prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures firmed for a second session on Monday, supported by a bigger-than-expected drop in cattle placements in July, reported after market close on Friday. “In terms of slaughter ready cattle, we’re still relatively tight,” said Austin Schroeder, analyst at Brugler Marketing. In the U.S. Department of […] Read more
U.S. grains: Soybeans run up to three-week high on hot, dry weather
Wheat eases on Ukrainian export efforts
Chicago | Reuters — Chicago soybeans rose for a fourth straight session on Monday, reaching a three-week high as hot, dry U.S. conditions fueled concerns over crop stress. Wheat fell as Ukraine sought new Black Sea avenues for export, adding pressure to corn futures. Markets were awaiting results from the annual Pro Farmer crop tour, […] Read more
AAFC cuts production numbers on drought
Wheat production figures reduced, corn up
MarketsFarm — Agriculture and Agri-Food Canada published its August outlook for principal field crops on Friday, with some notable changes. Production for several cereal, oilseed and pulse crop were reduced, leading to revisions in exports, domestic usage and ending stocks. The report pointed to drought in southern Alberta and western Saskatchewan for the downward move. […] Read more
Prairie Forecast Update: Southern areas may get Hilary’s leftovers
Issued Aug. 20, covering Aug. 20-23
An interesting weather pattern is currently in place across western North America with Tropical Storm Hilary taking an unusual northerly track as it comes in off the Pacific Ocean south of California. Tropical storms or hurricanes in that region normally do one of two things: they either recurve back out into the Pacific, or move […] Read more
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